FARM COMMODITIES-TREND ANALYSIS-CLOSE MAR 05/2018
TRENDS: MOVE DOWN-ON LOWER HIGHS.MOVE UP-ON HIGHER LOWS (PREVAILING MOMENTUM)
TRADING: POSITION OF PRICE RANGE, RELATIVE TO TRENDS,TARGETS, MOVES
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT
CORN (MAY/18): $0.25/BU, PROJECTED WORLD ENDING STOCKS DOWN 3.48 MMT
TRENDS: MOVE UP(MODERATE).OPEN INTEREST-UP ABOVE TREND.YEARLY RANGE-(325-449)
TRADING: FLAT TOP.BUYING.ABOVE TREND.MORE RESISTANCE@388.LOSING MOMENTUM
TARGETS: (379 (383 388) 392 397) COMMITMENTS: MOMENTUM-NON COMMERCIALS COVERED
SOYBEANS (MAY/18): $0.70/BU, PROJECTED WORLD ENDING STOCKS DOWN O.43 MMT
TRENDS: MOVE UP.(VERY STEEP), OPEN INTEREST-UP ABOVE TREND.YEARLY RANGE-(844-1186)
TRADING: MOVE FLAT.NET BUYING.@TREND.CLOSED ABOVE RESISTANCE@1076.LOST MOMENTUM
TARGETS (MAJOR): (1047 1076 1105) COMMITMENTS: MOMENTUM-COMMERCIALS LIQUIDATED
WHEAT (MAY/18): $0.45/BU, PROJECTED WORLD ENDING STOCKS DOWN 1.92 MMT
TRENDS: MOVE UP.(VERY STEEP). OPEN INTEREST-UP@TREND, YEARLY RANGE-(387-575)
TRADING: FLAT@TOP.NET BUYING.@TREND.MINOR SUPPORT@495.LOST MOMENTUM
DOLLAR CAD/USD: (MAR/18) 4.00 DAILY LIMIT
TRENDS: MOVE DOWN(STEEP). OPEN INTEREST-FLAT BELOW TREND. YEARLY RANGE-(6810-8295)
TRADING: MOVE DOWN.SELLING.@2ND TREND REVISED LOWER.@7703(MINOR).GAINED MOMENTUM.
TARGETS (MAJOR) ((7749 7657) 7566 7476). COMMITMENTS: MOMENTUM-COMMERCIALS COVERED
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